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Flush with cash, Vodafone eyes investment - 0 Comments

LONDON — With a cash infusion coming soon from the sale of its U.S. business, British cellphone company Vodafone on Tuesday shot down speculation it might go "shopping" for new acquisitions, saying it would focus on investing in its networks in European and emerging markets.

Vodafone agreed this year to sell its 45 percent stake in U.S. mobile operator Verizon Communications Inc. to Verizon for $130 billion in a landmark cash and stock purchase— one of the biggest corporate deals in history.